Northbridge MA Real Estate Market Report January 2015

Northbridge Massachusetts Real Estate Report January 2015

Do you want to see what has gone on in the Northbridge Real Estate market for the month of January along with year over year comparisons? Take a look at our reporting of the Northbridge MA market. While you are here looking at the market data take a peek at the Real estate agents guide to Northbridge Mass, where you will find out why Northbridge is a popular choice for home buyers including information on town history, schools, demographics and more.

Northbridge Real Estate Activity For January 2015 vs January 2014

In January of 2015 there were 3 homes that closed within the month for Northbridge MA Real Estate. This is an decrease of 2 units, as there were 5 homes that closed in January of 2014.

The average list price for the homes that closed in January of 2014 was $281,540

The average list price for the homes that closed in January of 2015 was $361,267

The average sale price for the homes that closed in January of 2014 was $283,350

The average sale price for the homes that closed in January of 2015 was $371,311

The average market time for the homes that closed in January of 2014 was 131 days.

The average market time for the homes that closed in January of 2015 was 54 days.

Homes Under Contract For January 2015

3 homes went under agreement in the month of January. The average list price of the homes that went under agreement was $174,467. The average time on the market for these homes were 93 days. January was a very slow month for homes going under agreement.

January 2012 – 2014 Final Year Real Estate Market Statistics For Northbridge Massachusetts

For the period of January to December of 2014 there were 129 properties sold.

For the period of January to December of 2013 there were 144 properties sold.

For the period of January to December of 2012 there were 120 properties sold.

For the period of January to December in 2014 the average list price was $320,197 the average sale price was $314,844 the average market time was 126 days.

For the period of January to December in 2013 the average list price was $320,958 the average sale price was $316,448 the average market time was 127 days.

For the period of January to December in 2012 the average list price was $299,841 the average sale price was $286,407 and the average market time was 127 days.

Current January 2014 Home For Sale Inventory Levels

The are currently 53 homes on the market in Northbridge MA. This is an increase of 5 homes as there were 48 home available last month The average list price of these homes is $352,987. The average days on the market is 204.

Northbridge MA Real Estate Market Analysis

Analysis of the Current Real Estate Market.

The market activity in January for sold properties was down from last year with three sales vs five. The amount of pending transactions was also down with only 3 contracts.

Inventory increased from last month with 5 new properties for sale. This is unusual as most communities have seen inventory continuing to decrease. This is a bit of reversal from what we had seen at the tail end of last year when inventory was decreasing.

The next few months will more than likely remain slower. We will probably not see a noticeable increase in activity until the Spring months arrive.

Year to date sales vs last year

There were 129 sales in Northbridge this past year. This is down from last year when there were 144 sales.

The above Northbridge Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

About Bill Gassett

Bill Gassett is a nationally recognized Real Estate leader who has been helping people move in and out of the Metrowest Massachusetts area for the past thirty plus years. He has been one of the top RE/MAX Realtors in New England for the past decade. In 2016 he was the #3 RE/MAX real estate agent in New England. Connect with him on Google+

Massachusetts Real Estate exposure is a marketing site designed to give Massachusetts home seller’s a dominant online presence. Massachusetts Real Estate Exposure is owned and operated by RE/MAX Realtor Bill Gassett, who covers the Metrowest Massachusetts area and beyond including Ashland, Bellingham, Blackstone, Framingham, Franklin, Grafton, Holliston, Hopkinton, Hopedale, Medway, Mendon, Milford, Millbury, Millville, Northborough, Northbridge, Shrewsbury, Southborough, Sutton, Wayland, Westborough, Worcester, Upton and Uxbridge MA. Bill Gassett has been one of the top RE/MAX Real Estate agents in New England over the last decade plus. In 2016 he was ranked as the #3 RE/MAX Real Estate agent in New England.